OPEC

The Organisation of the Petroleum Exporting Countries (OPEC) revised its forecast for global oil demand growth on Monday, citing the ongoing impact of U.S. tariffs and their potential to hinder…

The Organization of Petroleum Exporting Countries (OPEC) scaled back its crude oil output in March, reducing production by 110,000 barrels per day (bpd) to an average of 27.43 million bpd,…

The Organization of the Petroleum Exporting Countries (OPEC) is one of the most powerful groups in the global oil market. It plays a major role in controlling oil production and…

The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, confirmed on Monday that they will proceed with a planned increase in oil production, set…

OPEC+ is still undecided on its oil production strategy for the second quarter of 2025, with sources inside the group revealing a growing sense of uncertainty due to a combination…

Iraq has reaffirmed its commitment to the OPEC+ agreement, announcing plans to revise its oil production strategy in light of past overproduction. This confirmation was made on Monday by the…

Brazil has officially become a member of the OPEC+ Charter of Cooperation (CoC), a move confirmed by a statement from the Organization of the Petroleum Exporting Countries (OPEC). The decision…

OPEC+ is weighing the possibility of postponing its planned increases in oil production, set to begin in April, despite pressure from U.S. President Donald Trump to reduce prices. Sources familiar…

The Organisation of the Petroleum Exporting Countries (OPEC) has expressed confidence that the Dangote Petroleum Refinery, located in Lekki, Nigeria, will play a significant role in reducing petrol prices in…

Iranian President Masoud Pezeshkian has called on OPEC members to stand united in the face of potential US sanctions aimed at crippling the country’s vital oil exports. Pezeshkian made these…

The Organization of the Petroleum Exporting Countries (OPEC) is a powerful group of oil-producing nations. It was founded in 1960 to coordinate and unify petroleum policies among member countries. OPEC…

The Organization of Petroleum Exporting Countries (OPEC) has issued its latest Monthly Oil Market Report (MOMR), highlighting key developments and providing an outlook on the global oil market. In its…

OPEC (Organization of the Petroleum Exporting Countries) has long been a key player in global oil markets, influencing the price of crude oil through its decisions on production levels. When…

The Independent Petroleum Producers Group (IPPG) has hailed the appointment of Ademola Adeyemi-Bero, one of its founding members, as the Chairperson of the Organisation of Petroleum Exporting Countries (OPEC) Board…

Kazakhstan remains committed to its plan to increase oil production next year, despite potential tensions with its OPEC+ partners, who are currently focused on output cuts to stabilize global prices.…

OPEC+ is raising concerns about a possible increase in U.S. oil production if former President Donald Trump returns to the White House, warning that such a shift could undermine the…

The decision by OPEC (Organization of the Petroleum Exporting Countries) to cut oil production in 1973 was a pivotal moment in the history of the global energy market. It reshaped…

In recent months, the Organization of the Petroleum Exporting Countries (OPEC) has made headlines with its decision to cut oil production. This strategic move has raised questions in the global…

The Organization of the Petroleum Exporting Countries (OPEC) plays a crucial role in the global oil market. Established in 1960, OPEC aims to coordinate and unify petroleum policies among its…